Overview of Atrum Coal's Quarterly Activities Report

Atrum Coal Limited (ASX: $ATU) has provided its Quarterly Activities Report for the period ending 30 June 2024. The report highlights the company's legal claim against the Government of Alberta for de facto expropriating Elan's coal leases and seeking monetary compensation. Atrum's case is proceeding under case management, with the trial ordered to commence at the earliest available date on or after 31 March 2025. The company also continues to pursue opportunities to sell the Groundhog and Panorama assets.

Executive Commentary on Legal Proceedings and Asset Pursuits

Atrum is pleased with the terms in the Order as it ensures the matter will proceed to trial on a timely basis and provides clarity on the process between now and the trial date in early 2025. Since the Order was issued, the parties have completed questioning, delivered responses to undertakings, and retained independent experts to prepare reports for trial. Atrum is prepared to vigorously prosecute its Claim in the Court of King's Bench of Alberta. Additionally, the company continues to actively pursue potential asset disposal workflows for the Groundhog and Panorama projects.

Summary of Atrum Coal's Quarterly Activities and Future Outlook

Atrum Coal's legal claim against the Government of Alberta for de facto expropriating its Elan Coal assets is proceeding under case management, with the trial set to commence in early 2025. The company remains committed to vigorously prosecuting its claim and is pleased with the terms ensuring a timely trial process. Furthermore, Atrum continues to explore opportunities for the potential sale of the Groundhog and Panorama assets. With a focus on preserving cash and maintaining the company's standing during the legal proceedings, Atrum's management and Board of Directors are actively overseeing the progress of the claim and the pursuit of asset disposal workflows.